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| India's Sensex breaks 13,000 mark | India's Sensex breaks 13,000 mark |
| (20 minutes later) | |
| India's main stock index, the Sensex, has broken the 13,000 milestone during record-breaking trading on Monday. | India's main stock index, the Sensex, has broken the 13,000 milestone during record-breaking trading on Monday. |
| At noon in Mumbai the 30-share index reached 13,005.60 - a gain of 98.79 points, or 0.77%, on last week's close. | |
| Shares were boosted by solid earnings from several key banks and technology firms, but analysts said investors may now take profits. | Shares were boosted by solid earnings from several key banks and technology firms, but analysts said investors may now take profits. |
| The index has now risen 36% in 2006, and has shrugged off a sharp slide in June to below 9,000. | |
| "Corporate earnings growth has been beyond expectations," said Krishna Kumar Karwa, managing director with Emkay Shares and Stock Brokers. | "Corporate earnings growth has been beyond expectations," said Krishna Kumar Karwa, managing director with Emkay Shares and Stock Brokers. |
| The record level comes ahead of a Reserve Bank of India review of interest rates. | The record level comes ahead of a Reserve Bank of India review of interest rates. |
| The bank is expected to keep a key short-term rate unchanged. | The bank is expected to keep a key short-term rate unchanged. |